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MNP Petroleum Corp MNAP

MNP Petroleum Corporation is engaged in the business of exploring for oil and gas, primarily in Central and East Asia. The Company is involved in the exploration projects in Tajikistan and Mongolia. The Company has a working interest in over oil fields located in the Fergana basin in Tajikistan. The Company carries out its operations both directly and through participation in ventures with other oil and gas companies. As of September 30, 2015, the Company has not commenced planned principal operations. The Company's subsidiary includes DWM Petroleum AG (DWM). DWM holds an equity interest in CJSC Somon Oil (Somon). Somon owns interests in approximately two Petroleum Exploration Licenses, which include Zapadnyi (West) and Severo-Zapadnyi (North West) blocks, onshore Tajikistan (Somon Licenses). Somon Licenses cover an area of approximately 840 thousand acres (over 3,396 square kilometers).


GREY:MNAP - Post by User

Bullboard Posts
Comment by hockeylad33on May 30, 2012 2:13pm
198 Views
Post# 19961727

RE: RE: RE: RE: MY thoughts on MNAP/MNP and PMI

RE: RE: RE: RE: MY thoughts on MNAP/MNP and PMI

Selling PMI shares for cash at this point would be as negative as selling MNP shares by placement.  Both dilute sharehodlers indirect interest in PMI. I am not by any means calling MNP a bad investment.  Simply stating that the concern with lack of transparency nudges my investment strategy in the direction of PMI. 

I don't think MNP management are scammers or nincompoops by any means, but certainly when news releases are dressed-up and released in such a way that the bad news is glossed over fluffed up with lovely sounding posibilites, it  is a bad sign I have seen ruin a great stock many times. (century mining, Alange Energy, etc)

Bullboard Posts